70% of college students graduate with a significant amount of student loan debt. Over 44 million Americans collectively hold nearly $1.5 trillion in student debt, with the average student loan borrower having $37,172 of debt.
Navigating your way through all of the red-tape involved with your student debt can be difficult on your own. Here are some common questions that I am asked about student debt.
If you are in need of assistance in your student load debt contact me today!
If you have a federally insured student loan, the lender doesn’t need to sue you. The federal government has the authority to garnish your tax returns and your wages without filing a lawsuit and obtaining a judgment.
After that, they can seize the bank account and use the funds to pay the judgment. Alternatively, the judgment-creditor will garnish your wages.